Developers: $55,000 a key great deal! All Approvals. No Delays. 419 Lee Burbank Highway is a ready-to-build 20-unit market-rate project in a booming Revere corridor. Build fast, lease strong, and capture Boston-area demand. Close to the Everett Casino and the new expanding Suffolk Downs development. Large units 800 sqft, all 1 bedroom with an office.
DEVELOPMENT SUMMARY
• Site: Fully approved 20-unit multi-family project with complete architectural drawings by LR Designs Inc.
• Zoning: approved use for multi-family residential development.
• Parking: On-site surface parking per approved plan (see attached schematics).
• Design: Four-story building with 20 large 1-bedroom apartments with large office bedroom layouts, common lobby, and possible rooftop amenity area.
• Transit: Minutes to Logan Airport and Downtown Boston via MBTA Blue Line and Route 1A.
INVESTMENT HIGHLIGHTS
• All Market Rate Units – No affordability restrictions; maximize rental revenue.
• Transit-Oriented Location – High-demand Revere corridor with limited new supply.
• Strong Rents – Revere/East Boston corridor commands robust rents:
• Large 1-Bed w/ bonus large office: $2,400 – $2,800
• *Luxury new construction achieves 10–15% premium over these ranges.*
• Growth Potential – Rents expected to rise 3–5% annually as Revere’s housing market tightens.
• Turn-Key Development – All architectural, civil, and zoning approvals secured and transferable.